Carpenter v. Danforth
New York Supreme Court
ACTION to have a sale of stock set aside, on the ground of fraud and undue influence.
1Opinion of the CourtSutherland, J.
The defendant Danforth bought of the plaintiff,- as administrator, in December, 1862, one hundred and thirty-six shares of the stock of “ The National Bank Note Company,” a New "York corporation, for $60 a share, the par value being $50 a share. When Dan-forth bought the stock he was one of the trustees or directors of the corporation, and had been from its organization in 1859.
The purpose of this action is, to have the sale of the stock declared void, and the plaintiff restored to the rights and interests which he would have had, had the sale not been made, upon the ground of fraud and undue…
2Cases cited2 opinions
- Howell v. RansomNew York Court of Chancery · 1845
- Livingston v. Peru Iron Co.New York Court of Chancery · 1831
3Cited by14 opinions
- Higgins v. LansinghIllinois Supreme Court · 1895
- von Au v. MagenheimerAppellate Division of the Supreme Court of the State of New York · 1908
- American Trust Co. v. California Western States Life InsuranceCalifornia Supreme Court · 1940
- Hooker v. Midland Steel Co.Illinois Supreme Court · 1905
- Board of Commissioners v. ReynoldsIndiana Supreme Court · 1873
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